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20131202
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CNBC
Dec 6, 2013 1:00pm EST
with the adp jobs report, so the bond markets were in a defensive position today. matthew graham at mortgage news daily told me bond traders got exactly what they expected. still, rates are decidedly higher now from where they were last week. what does that mean for housing. affordability is shrinking no question with rising home prices. that's the bad news. the good news in the jobs report is this. residential construction jobs grew in november taking the biggest monthly jump since july. more younger americans ages 25 to 34, first-time home buyers, went back to work after a dip in october although their emts employment is way too low. job growth in clobbered metros, those hard hit by the housing crash was ahead of national growth. that will help slow foreclosures further and boost home buying. hate to say it, tyler and sue, rates will not go much lower. they will likely go higher. >> diana olick in washington, thank you. >>> and while washington focuses on the budget, wall street sets its sites on today's job number and the fed taper timetable. in a "power lunch" exclusive, bring in ceo sha
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